The FBI just told THORChain's node operators: block the hackers. The co-founder said no.
RUNE fell 6.4% today, the biggest drop in the CoinDesk 100, after the FBI, Secret Service and IRS urged operators to block 608 addresses tied to the $6.3B Binance hack, attributed to North Korea's TraderTraitor group.
Around $48M of stolen funds already moved through THORChain swaps. Co-founder JP Thor says if nodes halt the network on a government request, "the experiment is over" — it stops being decentralized.
Binance meanwhile processed $4.65B in withdrawals vs $1.01B in deposits since reopening, and says 95% of the stolen funds are covered.
Can a protocol stay neutral when $6.3B in stolen money flows through it? Should operators block the addresses, or stay permissionless?
#THORChain #Crypto #DeFi
RUNE fell 6.4% today, the biggest drop in the CoinDesk 100, after the FBI, Secret Service and IRS urged operators to block 608 addresses tied to the $6.3B Binance hack, attributed to North Korea's TraderTraitor group.
Around $48M of stolen funds already moved through THORChain swaps. Co-founder JP Thor says if nodes halt the network on a government request, "the experiment is over" — it stops being decentralized.
Binance meanwhile processed $4.65B in withdrawals vs $1.01B in deposits since reopening, and says 95% of the stolen funds are covered.
Can a protocol stay neutral when $6.3B in stolen money flows through it? Should operators block the addresses, or stay permissionless?
#THORChain #Crypto #DeFi